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Fred Pennic, Editor-in Chief | HIT Consultant

Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant.

Particle Health Expands Beta Program API to Consumer Digital Health Providers – Enabling Instant Access to Patient Records

by Fred Pennic 05/03/2021 Leave a Comment

Particle Health Expands Beta Program API to Consumer Digital Health Providers - Enabling Instant Access to Patient Records

What You Should Know: - Particle Health announces the launch of its Beta Program that will enable consumer applications such as PHRs and other providers instant access to patient records stored across health exchanges - using its single API. - The Beta Program is aimed at helping developers deliver next-gen healthcare solutions that have now been enabled with the recent passing of the Anti-Information Blocking Rule in the CURES Act.  - Now the Anti-Information Blocking Rule is in
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Halma Acquires AI-Powered Perinatal Platform PeriGen for $58M

by Fred Pennic 04/30/2021 Leave a Comment

Halma Acquires AI-Powered Perinatal Platform PeriGen for $58M

- Halma, a UK global group of life-saving technology companies that provide innovative solutions to key problems facing the world today has acquired PeriGen, a leader in artificial intelligence that improves safety during childbirth for $58M in cash. - The acquisition provides access to a supportive network and additional resources so that PeriGen can expand its perinatal safety technology throughout the U.S. and
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CVS Health Launches $100M Fund to Invest in Early-Stage Digital Health Startups

by Fred Pennic 04/30/2021 Leave a Comment

CVS Health Launches $100M Fund to Invest in Early-Stage Digital Health Startups

What You Should Know: - CVS Health announced the formation of CVS Health Ventures, a $100M corporate venture capital fund that will focus on companies with the potential for technology-enabled innovation and disruption in digital health care that are anchored in CVS Health's core strategy. - CVS Health Ventures will build relationships with early-stage digital health companies via investment as well as by offering expertise and insights from CVS Health's unique perspective. - To date,
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CVS Health Launches Employer-Based COVID-19 Vaccination Program

by Fred Pennic 04/29/2021 Leave a Comment

CVS Health Launches Transform Oncology Care Program, Partners with Tempus

What You Should Know: Today, CVS Health announced it recently began administering COVID-19 vaccines at employer-based vaccination clinics through Return Ready, the company’s comprehensive COVID-19 solution that helps employers return and maintain healthy workforces. - With vaccine hesitancy on the rise, federal and state governments are looking to partners, like employers and CVS Health, to help by making vaccines more convenient to access and enhancing public education
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Amwell Integrates Biobeat’s Wearable RPM Devices with Virtual Care Platform

by Fred Pennic 04/29/2021 Leave a Comment

Amwell Integrates Biobeat’s Wearable RPM Devices with Virtual Care Platform

What You Should Know: -  Amwell, who has collaborated with Biobeat, and will integrate Biobeat’s AI-powered wearable remote patient monitoring solutions into its Converge virtual care platform. - The integration will allow clinicians using Amwell’s Converge platform to continuously monitor patient vitals and receive deterioration alerts directly to their mobile phones via Biobeat’s AI-powered, automated real-time early warning score system. - Amwell powers telehealth
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Cigna Becomes First Plan to Reimburse for Behavioral Health Coaching Via Ginger

by Fred Pennic 04/28/2021 Leave a Comment

Cigna Becomes First Plan to Reimburse for Behavioral Health Coaching

What You Should Know: - Cigna just announced that they’re the first national plan to reimburse for behavioral health coaching, a new covered benefit available now to 14M members through Ginger. Essentially, Cigna customers with employer-sponsored or individual and family (IFP) insurance plans (14M of their 16M members) can access Ginger’s behavioral health coaching, therapy, and psychiatry services as an in-network benefit.   - During the pandemic, Cigna saw a significant
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Digital Therapeutics Startup Kaia Health Raises $75M to Optimize MSK & COPD Care

by Fred Pennic 04/28/2021 Leave a Comment

Kaia Health raises $75M

What You Should Know: - Digital therapeutics company, Kaia Health, has raised $75M Series C round (total: $125M) to expand clinical capabilities and transform the treatment path for Musculoskeletal (MSK) and Chronic obstructive pulmonary disease (COPD) care in the U.S. and Europe. - The Series C round was led by an unnamed leading growth equity fund with support from existing investors, including Optum Ventures, Eurazeo, 3VC, Balderton Capital, Heartcore Capital,
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Caresyntax Raises $100M to Expand Digital Surgery Platform in Key Markets

by Fred Pennic 04/28/2021 Leave a Comment

Caresyntax Raises $100M to Expand Digital Surgery Platform in Key Markets

What You Should Know: - Caresyntax, a Boston-based enterprise-level digital surgery platform delivering actionable insights to make surgery smarter and safer, today announced that it has closed a significantly oversubscribed $100 million Series C funding round led by PFM Health Sciences LP, which also included participation from Optum Ventures, Intel Capital, Lauxera Capital Partners, Vesalius Biocapital Partners, Arno Capital, Rezayat Investments, as well as current investors IPF Partners,
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Direct Pay Healthcare Marketplace Sesame Nabs $24M to Expand its Nationwide Telehealth Offerings

by Fred Pennic 04/27/2021 Leave a Comment

Direct Pay Healthcare Marketplace Sesame Nabs $24M to Expand its Nationwide Telehealth Offerings

What You Should Know: - Sesame, a New York City-based direct-pay healthcare company, announced that it has raised an additional $24 million, bringing Sesame’s total capital raised to just under $50 million since its founding in 2019. New investments come from Giant Ventures, Industry Ventures and Coefficient Capital, along with existing investors like General Catalyst.  - Founded in 2018, Sesame’s platform connects patients and providers directly, providing clear, affordable prices
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Narrow Margins, Low Patient Volumes Fuel Ongoing Financial Instability for Hospitals

by Fred Pennic 04/27/2021 Leave a Comment

Narrow Margins, Low Patient Volumes Fuel Ongoing Financial Instability for Hospitals

What You Should Know: - Narrow margins, low patient volumes, and high costs fuel ongoing financial instability for U.S. hospitals, health systems, and physician groups, according to two new reports from Kaufman Hall. - U.S. hospitals and health systems saw mixed performance in March, as national COVID-19 metrics plateaued early in the month before climbing steadily again with increased spread of COVID-19 variants, as shown in the latest issue of the National Hospital
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